Brokerages Set Chemtrade Logistics Income Fund (TSE:CHE.UN) Target Price at C$18.07

Chemtrade Logistics Income Fund (TSE:CHE.UN) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$18.07.

A number of brokerages have recently weighed in on CHE.UN. BMO Capital Markets dropped their price objective on Chemtrade Logistics Income Fund from C$20.00 to C$18.50 and set an “outperform” rating for the company in a research note on Friday, January 9th. CIBC raised their target price on Chemtrade Logistics Income Fund from C$16.00 to C$19.00 in a report on Friday, November 14th. Royal Bank Of Canada boosted their price target on shares of Chemtrade Logistics Income Fund from C$14.00 to C$18.00 in a research note on Thursday, November 13th. Raymond James Financial raised shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from C$16.00 to C$21.00 in a research note on Thursday, November 13th. Finally, Scotiabank cut shares of Chemtrade Logistics Income Fund from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$15.00 to C$17.00 in a report on Friday, November 14th.

Chemtrade Logistics Income Fund Stock Up 0.1%

Chemtrade Logistics Income Fund stock opened at C$14.89 on Friday. The company has a market capitalization of C$1.72 billion, a PE ratio of 15.51 and a beta of 1.18. The company has a debt-to-equity ratio of 128.02, a quick ratio of 0.48 and a current ratio of 0.40. Chemtrade Logistics Income Fund has a fifty-two week low of C$8.50 and a fifty-two week high of C$15.88. The firm has a 50 day moving average price of C$14.46 and a 200 day moving average price of C$13.15.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services to customers in North America and around the world. The company organized into four main operating segments: Sulphur Products and Performance Chemicals (SPPC), Water Solutions and Specialty Chemicals (WSSC), Electrochemicals, and Corporate. It generates maximum revenue from Electrochemicals segment. Chemtrade operates in Canada, the United States, and South America of which maximum revenue comes from the United States. SPPC markets, remove and produces merchant, regenerated and ultra-pure sulphuric acid, liquid sulphur dioxide, sodium hydrosulfite and provides other processing services.